Business Loan Underwriter III; Special Assets

Position: Business Loan Underwriter III (Special Assets)
Job-:
Business Lending Operations

Location:

Pensacola, FL, United States;
Vienna, VA, United States Workplace:
Hybrid

Schedule:

Full time, Regular Hours Posted:
Closes:
Targeted Salary Range: $78,400 - $123,200 annually

To evaluate and underwrite business loan applications. To oversee and collect pertinent supporting underwriting information to ensure the completion of all necessary financial analysis. To present loan packages beyond approval authority to senior management, as well as assisting with the closing of business loans and monitoring subsequent financial information of Navy Federal business loan borrowers according to specific state and federal requirements to limit risk exposure to Navy Federal's business portfolio.

Qualifications Excellent understanding of business underwriting principles and concepts

Familiarity with the various concepts used to derive a cash market value for any business and of the difference between cash flow from operations, cash flows from investing and cash flows from financing activities

Good working knowledge of the means of collecting supporting information for the underwriting of business loans and the factors/metrics that go into properly evaluating the risks associated with different types of businesses

Excellent understanding of financial ratios and concepts - such as liquidity, leverage, coverage, and operating ratios - and the concept of trend analysis and cash flow analysis

Advanced knowledge of database, word processing and SBA industry systems

Proficiency in using Microsoft Word and Excel or related software applications

Thorough knowledge of and extensive experience in credit union or retail banking operations

Familiarity with Navy Federal Credit Union policies and procedures

Exceptional interpersonal, verbal and written communication skills

Excellent analytical and organizational skills

Additional Information

Hours:

Monday - Friday, 8:00AM - 4:30

PM

Location:

820 Follin Lane, Vienna, VA  Heritage Oaks Drive, Pensacola, FL 32526

Responsibilities Analyzes business loan applicants' financial status, credit, and business to determine feasibility of granting credit including loan approval

Works closely with development team/business member to ensure all appropriate data is obtained

Reviews and analyzes loan applications to ensure that necessary documents have been received and validates the integrity of the data Determines credit-worthiness of the borrower by performing qualitative/quantitative analysis such as review of financial statements, credit reports, and applicable ratios (e.g., Debt to Income (DTI), Loan to Value (LTV), etc.) using established guidelines of NFCU, industry best practices and applicable state and governmental regulations

Proposes/determines the appropriate deal structure commensurate with the associated risk level on approved business credit deals, including appropriate financial, operational or capital/cash covenants

Analyzes counter offers, exceptions and rejections and recommends alternative business products better suited to the business loan applicant

Presents business loan package and loan recommendation, in a consultative process, to senior business lending management for loans above approval authority

Reviews and evaluates business annual financial statements/tax returns to ensure adherence to NFCU, SBA and relevant industry practices/requirements

Analyzes tax statements independent of business scoring systems to confirm business viability

Assesses risk of credit deals and business failing by assigning a rating and recommending any necessary action to mitigate credit union risk Approves or declines business loan submissions within assigned authority

Approves business loans and authorizes loan disbursements based on a complete analysis of submitted documentation and applicable rules and regulations, in accordance with NFCU Business Lending policies and procedures

Prepares adverse action (loan disapproval) notifications on behalf of the Business Lending Committee in recognition of the compliance provisions of the Equal Credit Opportunity Act (Reg

B.)Supports Business Loan Underwriting functions

Monitors Business Underwriting activities and respond to questions submitted via telephone, instant messages or through the mail Assists with the ongoing maintenance of the area's underwriting manual

Collaborates with managers and participates in mentoring sessions for other Business units

Provides daily input to management reports

Assists with or completes the required monthly Colson…